Hedging An Each Way Double

The following is a snippet from today’s message from Big Mike.
Big Mike is an ex accountant who know lieks to use his knowledge of numbers to take cash of the bookmakers.

His followers get daily messages with an array of strategic bets on both horse racing & sport.
The following snippet I thought posting up here as it is an educational piece you can learn from showing you how to hedge an each way double.

More from Big Mike at ===> BIG MIKE BETTING

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Hedging An Each Way Double

The best way of showing how to play a hedge is with an actual example.

AWESOME FOURSOME

4 x £4 ew doubles

Tarn Hows 5/2 & Real Milan 8/1 12.05 Uttoxeter
with Remix 7/2 & Lady Lyricist 12/1 350 Wolves

Stakes of £40 at Bet365 ‘Best Odds’

In the first race Real Milan managed to win at 12/1 and Tarn Hows was
placed at 5/2.

So in effect because of the price of the winner in the first race we had
£52 running on the win side of both Lady Lyricist and also Remix.

I emailed all members as we had to protect this vast windfall. Neither of
the two horses were expected to win so we had to retrieve something in
order to live another day.

The first thing to do is to work out how much would be won if either of the
doubles would have landed. At 7/2 the Remix double would have produced app
£180 and if Lady Lyricist had obliged we were talking well over £1,000.

So we had plenty of oil in the tank. My initial suggestion was to retrieve
stakes at least by laying £4 pre start on each horse back to Betfair. I
then suggested placing mines (lays in running) and in fairness to Remix a
good return was made as the horse was laid down to 2.02 on the win site.
Lady Lyricist was last seen in the middle of Wolverhampton at 9pm last
night so nothing back from her save the initial £4 lay.

On the place site it was a different kettle of fish as Remix – at 7/2 – in
effect gave 1.7 return if placed yet was layable at 1.28 before the start.
Similarly Lady Lyricist at 28/1 would be the equivalent of 6.6 on the place
site yet again layable at a considerable advantage at 3.2. At a stroke both
horses could have been laid at least for £26 (Half the gross bet) and the
cost would have been app £7 on Remix and just over £70 on Lady Lyricist. It
may seem a lot to hedge but consider that the place return if successful
from Remix would have been £35+ and on LL the place return at SP would have
been £250+ – so there was much to save.

Always remember that these huge doubles are rarely going to land – so
evasive action is a must.

Market Moves

The below is a small extract from todays message from an ex accountant called Big Mike. Understanding the numbers side of things is a  big help in betting. Mike is pretty good at using the numbers to edge the odds in his favour.

I have skipped out any advised bets from him below.

He normally has several daily on both horse racing and sports.

His service is worth a look.

I’d be hopeful of sorting some form of free trial offer for viewers here in the near future.  I will let you know by email if / when available if you register for sports betting blog at the link below.

http://www.sports-betting-blog.co.uk/wp-login.php?action=register

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Big Mikes Saturday Column

G`day.  England second best in Auckland but what about Wales?  The
Principality will be buzzing what with the resounding win over Ireland but
also Richie Burnet`s amazing comeback in the World Grand Prix Darts.

In Racing I would just point out that I am still wary about Donald McCains
horses currently.  I feel they are short of `work` no doubt due to the
Funeral situation surrounding Ginger so where today I would have been firm
on a selection I am playing with a `saver` via the Aewsome.  I have no
qualms about the long term situation as they have too many good horses in
the yard but temporarily just take a bit of caution into your betting.

The Cesarewitch at 350 has its usual 33 runners and I see Stan James have
retreated and paying 1st 4 only.   Sign of the times maybe.  I have a
little – and I mean little – bet on the race.

Very trappy stuff today and a lot of rain about so just going with a ***
Awesome.

Many Sports bets though.

A few Market Moves

These are purely notes by the way – NOT bets!

NEWMARKET

425

Early money here for Pimpernel here – now 10/3 from 4s

535

Dux Scholar (Stoute) is firm here – now 3/1 from 4s.

YORK

250

Weapon of Choice is backed.  Has been as low as 5/1 and now 11/2 but still
supported.

440

Memory Lane (Sir Mark Prescott) backed into 6/1 from an early 9/1 and
gamble showing no signs of waning.

CHEPSTOW

300

African Broadway well backed here.  13/8 into evens for the Pipe yard.

335

Joe Punter is backing Slightly Tanned (Paul Nicholls) is now 4/6 from 5/6.
I will be looking for an ew alternative.

620

An interesting one here maybe.  Ivors King from Colin Tizzard.  Now 7/2
from an opening 11/2.

WOLVERHAMPTON

Bit early to be looking here but there is an eyecatcher in the 900 where
Castlemorris King is now 5/2 from 4/1.

Get more free stuff from Big Mike at his own website.

===> Big Mike Betting

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